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Tuesday, 03 May 2011

ACP-EU: Difficult negotiations on Economic Partnership Agreements

The negotiations on new Economic Partnership Agreements between the European Union and the African, Caribbean and Pacific states are still in the impasse. ACP countries are afraid of entering into an unequal trade relationship with the richer Northern countries. John Clancy, EU spokesperson for trade, testifies of European impatience to see the talks finish. African, Caribbean and Pacific (ACP) countries mostly fear an invasion of cheap products with which they cannot compete, while the European Union shows its impatience and the merits of new Economic Partnership Agreements (EPAs). They are intended to follow the Lomé Convention (1975) and the Cotonou Agreement (2000) which included “non-reciprocal trade preferences” including the lifting of tariff trade barriers for ACP exports, while ACP countries were allowed to maintain tariff barriers on exports coming from the EU. In an interview for MFI, John Clancy talks about the state of the trade talks.

Source: MFI